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Procurement Market Intelligence Report
OCTG Supply Chain Services
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for OCTG Supply Chain Services?
What is the average price of OCTG Supply Chain Services?
This procurement report includes pricing information to help you purchase OCTG Supply Chain Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of OCTG Supply Chain Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase OCTG Supply Chain Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing OCTG Supply Chain Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for OCTG Supply Chain Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The market for OCTG supply chain services is highly concentrated, with the top four providers accounting for more than 50.0% of market revenue. The market is highly concentrated because there are significant up-front costs associated with designing and implementing supply chain solutions, making it difficult for new providers to enter... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
Regulation
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Qualifications
Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?
Are you a member of any relevant associations? What support do you receive from them?
Is your equipment certified to American Petroleum Institute standards?
Where (geographically) are critical inputs sourced?
Timeliness
What is your average turnaround time for the procured services?
What priority will this project be in relation to other projects your firm is working on?
What checks and balances are in place to ensure that the work is done on time without sacrificing quality?
Can you create a timeline of steps involved in designing and implementing my supply chain solutions?
Experience
What percentage of your business comes from OCTG supply chain services?
What types of inventory management solutions do you have the most experience with?
How many total hours of work experience do your employees have?
How long have you provided supply chain services to your longest-tenured client?
Reputation
What is your reputation like among customers and peers, and how have you developed it?
Have you had any major complaints with past clients? How have you addressed these complaints?
Do you have clients that are willing to provide references on your behalf? If so, how can I get in contact with them?
Do you have case studies or client testimonials detailing the supply chain services your company has performed?
Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Geographic Distribution
Do you provide supply chain services on a national level or on a local level?
Do you have international locations? If so, what markets do you serve?
How does the proximity to your facilities shape buying lead time?
What makes your location more strategic than your competitors'?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Technology
How has your technology evolved during the past three years? How has this affected your customers?
What complications have you encountered that were a result of insufficient equipment? How were your customers affected?
How does your technology and equipment compare with your competitors'?
How often do you experience technological issues that result in disruptions of your service?
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Key elements for every RFP
What should my RFP include?
Project Budget
Buyers should specify their total budget.
Buyers should specify the desired payment terms.
Selection Criteria
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers should ensure that suppliers are capable of providing the range of services desired.
Project Schedule
Buyers should specify the date when proposals are due and when the award will be announced.
Buyers should specify the required duration of the contract and the potential for renewal(s).
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for OCTG supply chain services is moderate. Suppliers' key inputs include staple products like software, computers and office stationery supplies, which are purchased on an ad hoc basis. Due to the reliable availability of these inputs, the risk of upstream supply chain disruptions is negligible, aiding... Subscribe to learn more.